The latest monthly revenue report from the Pennsylvania Gaming Control Board has revealed that the state’s licensed sports betting operators took in over $776.2 million in wagers during the month of September.
This is the fourth month is a row that the state has seen sports betting activity increase with the latest figures marking a 34.1% rise on September’s handle of $578.7 million. Sportsbooks comfortably beat the state’s all-time sports wagering record of $615.2 million set in January of 2021.
Online sports betting in Pennsylvania accounted for just over 91% of all wagers made throughout the month as mobile sportsbooks reported accepting over $714 million in bets during the month. This resulted in revenue of $37.2 million, down slightly from the $40.9 million posted in September. Online operators handed out over $18.7 million in promotional credits resulting in taxable gross revenue of $18.5 million.
Retail sportsbooks continue to recover from a slow summer as operators reported accepting $62.1 million during October, up 21% from the previous month. Despite taking in more wagers, retail sportsbooks reported lower revenues for the month as the combined taxable revenue total came to just over $5 million, more than $2 million less than September.
Both mobile and retail sports betting generated combined revenues of $42.3 million, down 12.1% from the previous month. This resulted in combined taxable revenue of $23.5 million yielding the state just over $8 million in taxes and a local share assessment of $470,656.
Valley Forge Casino remains the market leader with an overall handle of $275.4 million. Online sports bets accounted for $270.8 million of that total. The operators closest rival was Hollywood Casino at the Meadows with a handle of just over $204 million.
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